The 29th African Aviation Forum held this week in Addis Ababa urged African airlines to enhance collaboration and partnership in a bid to withstand the stiff competition coming from mega international carriers.
Inaugurating the delayed Genale Dawa (GD-III) hydroelectric power project on Tuesday Prime Minister Abiy Ahmed (PhD) made an appeal to local investors to build the next phase of the hydroelectric project GD-6, in the same river basin that requires an estimated financial outlay of USD one billion.
One of the indigenous oil companies in Ethiopia, TAF Oil Ethiopia, on Tuesday inaugurated an aircraft fuel depot that it built at the Addis Ababa Bole International Airport at a cost of 450 million birr.
Owned by Ethiopian-American entrepreneurs, Apposit LLC, a local technology company known to build innovative software’s, has been bought by Paga (Pagatech limited) – a Nigerian based company known to provide an electronic payment system to Nigeria.
The emergence of low-cost, condominium housing in Ethiopia’s capital has really changed the way people live in this old nation. Strictly speaking most of these residential condominiums, which are structured as a series of apartment buildings sharing a common area and most of the time enclosed in gated compounds, are evolving to be unique urban centers.
The International Monetary Fund (IMF), in its latest round of the Article IV consultations with Ethiopian authorities, has advised the National Bank of Ethiopia (NBE) to halt financing the government and the policy bank, the Development Bank of Ethiopia (DBE).
Once a champion in Foreign Direct Investment (FDI) attracting to the tune of USD 4.2 billion, Ethiopia’s FDI has slowed to USD 2.5 billion, landing at the lowest amount recorded since 2016, The Reporter has learnt.